The Ultimate Guide To Be A Smart And Successful Real Estate Investor

Download our ebook: Become A Smart Real Estate Investor Like A Professional

Did you know most people take 6 to 9 months to find a real estate project worth investing in? For example, professional real estate investors look at 1,000+ projects per year but end up making 1-3 investments.

If you want to be successful in real estate investing, learn how to invest and achieve returns like the professionals. 

We at Denzity have put together an eBook to guide you along your real estate investment journey. Before you look for real estate investment, have a think:

  • Why do you want to invest?
  • Where do you want to invest?
  • What are you looking to achieve?

Get the eBook  https://bit.ly/38uqHEE

The Experts We Need In The Digital Age Real Estate Ecosystem

The Experts We Need In The Digital Age Real Estate Ecosystem

A couple of months ago, we shared Real Estate Investment Insights And Access A Global Community Of Experts,” “Find The Right Experts,” and “The Forces That Will Shape The Future Of Real Estate Investing.” Those posts contain our view on how technology transforms real estate experts’ roles and their impact on the world of real estate investing.

Today, we want to tell you more about the real estate experts we at Denzity look forward to working with – think of this as our Wishlist

The digital age experts 
As we enter an era of fast-paced digitization, it is hard to predict the outlook of the real estate sector. Growing uncertainties on how technology will shape the real estate industry started with tech companies, like Zillow and Airbnb, which disrupted their sub-market inside the real estate sector.

While real estate experts fear what big disruptor is next, digital-age experts are ready to embrace and adapt to new technologies that improve their performance and service to customers. Change is inevitable: accept that the old ways of doing business might not work and focus on integrating technology so that you don’t fall behind and miss opportunities.

The core values of world-class experts 
As the world becomes more competitive, experts have curated a leading position to deliver excess value compared with their competitors. As their top priority is to exceed customer expectations, they place the needs of each customer above their own.

Having worked with many experts around the world, we’ve identified eight key qualities they tend to have:

  1. Consistent: Stay motivated and focused on the energy to go above and beyond.
  2. Disciplined: Focus on achieving your client’s goals, however difficult they may be.
  3. Trustworthiness: Make a promise and work towards upholding the highest work ethic.
  4. Dedication: Deliver detailed and well-thought-out results for your clients.
  5. Selflessness: Share your knowledge and experience to build meaningful relationships.
  6. Creative: Demonstrate deep knowledge of their domain and produce creative solutions to solve problems.
  7. Critical: Learning always like a beginner and improvise where and when needed.
  8. Passionate: Delivering value in every response you receive.

These are the types of attributes we at Denzity are looking for in real estate experts.

Our 2020 Wishlist 

As mentioned in Year-End Review 2019”, our top priority in 2020 is to broaden the pool of excellent, reliable insights directly from experts (real estate agents/brokers, institutional firms, and transactional advisors) helps address real estate enthusiasts’ uncertainties and frustrations with market research, sourcing experts & projects, and conducting due diligence in real estate investing.

As we station in Hong Kong, we start by focusing on the topics that Hong Kong real estate enthusiasts are interested in. Topics such as:

  • Real estate market (mainly the UK, Canada, the US, Japan, and Southeast Asia)
  • Property exhibitions held in Hong Kong
  • Real estate fractional ownership (crowdfunding, P2P lending, STOs)
  • PropTech
  • Feng Shui
  • And many more.

We strongly believe that building this ecosystem, which encourages contribution and transparency within the real estate industry, can speed up learning and provide better clarity for everyone involved.
If you are interested to join as one of the Denzity Experts, you can email us at [email protected]

We looking forward to speaking further. 

Above and beyond,

Darren
Co-founder, Denzity

12 steps of the real estate investing process you need to know

Real Estate Investment Process

Successful real estate investment means you understand the investment process inside out. We’ve created a 12-step flow chart of the real estate investment process. You can download by clicking on this link: https://bit.ly/2R2QpJl 

Education

  • Learn about the fundamentals of real estate
  • Understand how the economy affects the real estate market
  • Form strategies and plan around your investment goal

Market research

  • Take time to understand a specific niche market
  • Surround yourself with like-minded real estate enthusiasts
  • Read multiple market reports

Sourcing experts

  • Find the right experts with the right domain
  • Be clear on what you need
  • Understand their scope and fees before engaging experts

Sourcing projects

  • Find comparables within the area
  • Drill down into the details
  • Keep track of your findings

Conducting due diligence

  • Don’t interpret the findings and results
  • Keep track on the progress with checklists
  • Check with experts regularly and see if they spot red flags

Fundraising

  • Prepare a clear and detailed business plan for investors
  • Make sure you are aligned with shareholder expectations
  • Be transparent about the potential risks

Bidding on projects

  • Communicate clearly on your terms
  • Get advice from your experts on your terms
  • Follow the steps during the transaction process

Financing

  • Source multiple options before committing
  • Assess how the financing terms affect the project
  • Maximize your risk-reward tolerance for leverage

Negotiating

  • Ensure your agent/broker is acting in your best interest
  • Be patience and disciplined during negotiations
  • If something doesn’t feel right, protect your interest by taking the time to evaluate. If not, you can always walk away

Transacting & closing

  • Make sure the fund flow is clear
  • Ensure all agreements are well-documented
  • Make sure the experts acknowledge the fund transfer

Managing the property/asset

  • Appoint experts with the right experience
  • Build a healthy relationship with your tenants
  • Keep track of your performance

Selling

  • Get advice from experts on the price point
  • Do your research to find the best time to sell
  • Find out how other similar and nearby projects’ marketing effort

If you are clear on these steps, you can find the property of your dreams without wasting precious time and effort. We will layout more detail for each step in the future.

Do you find this tip helpful? What real estate tips would you like to know?  Please share with us in the comments below.

The Leadership We Need In The 2020 Digital World

The leadership we need in the 2020 digital world

Welcome back! I hope you take some time to rest, refresh, and recharge during the holidays. If you have been following the news lately, you’ve likely experienced some good and bad, ups and downs. There are so many uncertainties with global events, such as Brexit, US-China trade war, potential recession coming, and possible US-Iran war. It is hard to predict how 2020 will plan out. 

During these troubled times, any organization that embodies positive leadership qualities will strive, especially in real estate where good thought leadership will help navigate our rapidly changing, complex, and fragmented industry.

After chatting with some experienced industry leaders, we have identified three critical aspects:

1. Be at the forefront, as a true leader

A leader needs to be at the forefront of the team. From Jim Collins’ book “Good To Great”, he describes the “Level 5 Leadership” of an organization (the ultimate top leaders) as having 7 key attributes:

(i) Be ambitious for the organization to excel but modest about what you contribute.

(ii) Be fanatically driven, obsessed even, to produce exceptional results on a sustainable basis.

(iii) Build successors to be even more successful.

(iv) Share the praise amongst the team when things go well.

(v) Be happy to take the blame when things go wrong.

(vi) Never have larger than life personalities.

(vii) Greatness comes from quiet, hard work, rather than heroic acts.

For more information, I would suggest checking out his book. As a true leader, you need to set yourself at the highest standard to allow your team to follow.

2. Transparent communication

As a leader, you might face stress or a tough decision to make. Do not put the problems just on your shoulders – share the burden with your team and tell-it-like-it-is to ensure the free flow of information. By sharing decision-making tasks and involving multiple people during brainstorming, your team can generate ideas freely in your organization to help solve problems together.

3. Actively listen to your team and make this a priority

In this environment, you need to evolve with the market swiftly and adapt to change with growth in mind. To spot these subtle movements, you need to actively listen to your team carefully. Exceptional leaders regularly check-in with their team. From their conversations, you might find cues in your team spot that you have not. Also, learn what they suggest (process and tools) that might help your organization be more productive.

Great leaders, whether you are in the real estate or the PropTech sector, need to continually find ways to improve and respond to the market so that their organization will be at the forefront of the exciting changes. You, as a leader, are in charge of finding the areas where change is needed. Be the version of yourself and strive for betterment.

As a leader, what is your biggest pain point? What innovation do you hope to see more of within your organization and the sector? Let us know in the comments below.

Above and beyond, 

Darren

Co-founder, Denzity